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Wolters Kluwer Launches Online Applications Capability for Community Banks
Wolters Kluwer Launches Online Applications Capability for Community Banks New Functionality Enables Lenders to Deliver Online Loan Applications to Consumers Wolters Kluwer’s Compliance Solutions...
Independent Banker Profiles Community Bankers of the Year
2018-12-10 Independent Banker Profiles Community Bankers of the Year The December issue of Independent Banker® magazine features profiles of ICBA’s Community Bankers of the Year. The profiles of...
Podcast Features Community Bank Payment Trends
Podcast Features Community Bank Payment Trends ICBA Bancard’s Tina Giorgio and TCM Bank’s Damon Moorer were featured in the latest This Month In Banking podcast by the Kafafian Group. The 30-minute...
Agencies Planning Resolution Reform: McWilliams
2018-11-30 Agencies Planning Resolution Reform: McWilliams The FDIC and Federal Reserve are reviewing resolution-planning regulations for bank holding companies, FDIC Chairman Jelena McWilliams...
Court Delays Bureau’s Small-Dollar Rule
Court Delays Bureau’s Small-Dollar Rule A federal court this week granted the Bureau of Consumer Financial Protection’s request to delay the effective date of its rule on small-dollar loans. The...
Visa: EMV Shift Crushing Counterfeit Fraud
2018-11-30 Visa: EMV Shift Crushing Counterfeit Fraud The shift to EMV chip technology has reduced card-present counterfeit payment fraud by 82 percent at chip-enabled merchants, Visa said. More...
FHFA Seeks Input on ‘Duty to Serve’ Modifications
FHFA Seeks Input on ‘Duty to Serve’ Modifications The Federal Housing Finance Agency is seeking input on proposed modifications to the Underserved Markets Plans for Fannie Mae and Freddie Mac. The...
The Bank of Elk River wins two National Awards for Video Production featuring Elk River residents
2018-10-01 The Bank of Elk River wins two National Awards for Video Production featuring Elk River residents FOR IMMEDIATE RELEASE Elk River, MN 9.28.18 – The American Bankers Association (ABA)...
Fannie, Freddie Update PMI Standards
Fannie, Freddie Update PMI Standards Fannie Mae and Freddie Mac revised eligibility requirements for private mortgage insurers, the Federal Housing Finance Agency announced. The updates include...
Agencies Issue Customer Identification Program Exemptions
2018-10-01 Agencies Issue Customer Identification Program Exemptions Federal regulators exempted loans for property and casualty insurance policies from Customer Identification Program rules. Banks...
DOJ Indicates Support for ADA Website Flexibility
DOJ Indicates Support for ADA Website Flexibility The Justice Department told members of Congress that it is evaluating whether to issue guidance on web accessibility standards under the Americans...
Free Credit Freezes Are Here
A provision of S. 2155 requiring credit reporting agencies to freeze consumer credit reports at no charge took effect Friday. These security or credit freezes restrict access to credit files to...
ICBA Statement on FDIC Call Report Proposal
ICBA Statement on FDIC Call Report Proposal Washington, D.C (Nov. 7, 2018)—Independent Community Bankers of America® (ICBA) President and CEO Rebeca Romero Rainey today issued the following...
FDIC Call Features S. 2155 Consumer Compliance Provisions
The FDIC is hosting an upcoming teleconference on consumer compliance topics related to the S. 2155 regulatory relief law. Scheduled for 2 p.m. (Eastern time) Thursday, Oct. 25, the teleconference...
FinCEN Issues Advisory on Iran
FinCEN Issues Advisory on Iran The Financial Crimes Enforcement Network issued an advisory to help financial institutions better detect and report potentially illicit transactions related to Iran....
Boston Fed Encourages Tokenization Collaboration
Federal Reserve Bank of Boston researchers encouraged stakeholders to continue collaborating on the development of payment tokenization. Noting that tokenization mitigates risk by eliminating the...
FinCEN Wants to Talk BSA Reporting with Hurricane-Affected Banks
FinCEN Wants to Talk BSA Reporting with Hurricane-Affected Banks The Financial Crimes Enforcement Network said financial institutions affected by Hurricane Florence should contact FinCEN and their...
Facebook Breach Affects 50M Users
Facebook announced a security breach affecting nearly 50 million accounts. Attackers exploited a vulnerability in Facebook’s code that affected the “View As” feature that lets users see what their...
‘Tax Reform 2.0’ Passes House
‘Tax Reform 2.0’ Passes House The House passed legislation to permanently extend the lower individual tax rates included in the tax reform law signed late last year. Known as “Tax Reform 2.0,” the...
Contactless Payments Reboot: Get Ready, Get Set
Contactless payments failed to gain momentum in the United States when they first appeared more than a decade ago. Executed through smart magnetic stripe cards, waving a card was only marginally...
Chelsea Groton Bank Named a Winner of the 2018 Top Workplaces Award for Third Straight Year
Chelsea Groton Bank Named a Winner of the 2018 Top Workplaces Award for Third Straight Year 2018-09-24 2018_TopWorkplaces Chelsea Groton Bank has been awarded a 2018 Top Workplaces honor by The...
Bureau Opening Regional Office in Atlanta
The Bureau of Consumer Financial Protection said it will relocate its southeast regional office from Washington, D.C., to Atlanta, Ga., in late 2019. The bureau already has regional offices in New...
Wolters Kluwer Announces Interoperability with RSA Archer to Provide Regulatory Data Feed
2018-09-20 Wolters Kluwer Announces Interoperability with RSA Archer to Provide Regulatory Data Feed Enhances Institutions’ Access to Regulatory Change Management Content Wolters Kluwer today...
Are You Leveraging Your Card’s Core Benefits?
Are You Leveraging Your Card’s Core Benefits? The Visa Liability Waiver Program ICBA Bancard’s Senior Vice President of Card and Payment Products, Julie Hanson, says that many times when she is...
ICBA to IRS: Maximize Sub S Access to Tax Deduction
2018-09-24 ICBA to IRS: Maximize Sub S Access to Tax Deduction ICBA and other banking groups called on the IRS to reconsider its approach to implementing the Tax Cuts and Jobs Act’s 20 percent tax...
Community Bank Income Rises 21 Percent
Community Bank Income Rises 21 Percent Community banks reported $6.5 billion in net income during the second quarter, a 21.1 percent gain from the previous year, according to the FDIC’s Quarterly...
Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August
2018-08-24 Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August TROY, Mich., (August 22, 2018) – Crestmark secured a total of $46,935,891 in financial...
Lenders Increasingly Ready for Single Security: Survey
Lenders Increasingly Ready for Single Security: Survey Fannie Mae and Freddie Mac said mortgage lenders are increasingly familiar with their plan to begin issuing a common mortgage-backed security...
Automated Systems, Inc. Announces Gold Level Envision Partner Status
2018-08-14 Automated Systems, Inc. Announces Gold Level Envision Partner Status Automated Systems, Inc. (ASI), a leading provider of core banking software for community banks, announced its status...
Consumer Bureau Joins Innovation Network
Consumer Bureau Joins Innovation Network The Bureau of Consumer Financial Protection and 11 international financial regulators said they plan to create a global network to promote innovation. The...
Tell HUD to Amend Disparate-Impact Rule
Tell HUD to Amend Disparate-Impact Rule ICBA is urging community bankers to tell the Department of Housing and Urban Development to amend its fair lending disparate-impact rule to meet the...
Chelsea Groton Bank Proudly Introduces A Switch Hotline
Chelsea Groton Bank Proudly Introduces A Switch Hotline GROTON, Conn. – In order to assist individuals and families in switching to a better banking experience, Chelsea Groton Bank is pleased to...
OneRD Guaranteed Loan Rule
2018-09-06 OneRD Guaranteed Loan Rule The USDA Rural Development Innovation Center is working to combine four guaranteed loan programs under a single regulation. This rule will improve agency...
USDA Details Trade Payments Alongside Mexico Deal
USDA Details Trade Payments Alongside Mexico Deal The USDA released details of it's plans to protect farmers from foreign trade retaliation. The department has authorized $12 billion for several...
Roselle Bank Begins Renovations of Operations Center
2018-08-27 Roselle Bank Begins Renovations of Operations Center Renovations to Bank’s Main Branch Scheduled for Fall; Date of September 10 Set for “Sneak Peek” of Bank’s New Look Roselle, NJ --...
Agencies Advance 18-Month Exam Cycle
Agencies Advance 18-Month Exam Cycle Federal regulators issued interim final rules to enact an ICBA-advocated provision of the S. 2155 regulatory relief law expanding eligibility for the 18-month...
Farm Bill Conference Schedules Public Meeting
2018-08-23 Farm Bill Conference Schedules Public Meeting House and Senate Agriculture Committee leaders scheduled the first public meeting of the farm bill conference committee. The meeting is...
Fannie, Freddie Ending Rental-Market Expansion
Fannie, Freddie Ending Rental-Market Expansion Fannie Mae and Freddie Mac are ending their expansion into the single-family rental market, the Federal Housing Finance Agency said. The enterprises...
United Bankers’ Bank Promotes Mary Williams to SVP, Chief Operations Officer
BLOOMINGTON, MN - United Bankers’ Bank (UBB) has promoted Mary Williams to SVP, Chief Operations Officer, effective August 6. Williams succeeds Anne Hofstede who retired after 41 years of service...
Visa Examines Digital Trends and Consumer Expectations
Visa Examines Digital Trends and Consumer Expectations A Visa study examines how digital trends are reinventing consumer expectations. This shift in the ecosystem is driven by universal...
Bureau Offers HMDA Verification Tool
The Bureau of Consumer Financial Protection launched the File Format Verification Tool for HMDA data collected in 2018 and submitted in 2019. The tool tests whether HMDA files meet certain...
ICBA Collecting Stories on Benefits of S. 2155
ICBA Collecting Stories on Benefits of S. 2155 ICBA is asking community bankers to share how passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) is helping their...
Meta Financial Group, Inc.® Completes Acquisition of Crestmark® Bancorp, Inc.
Meta Financial Group, Inc.® Completes Acquisition of Crestmark® Bancorp, Inc. Acquisition propels Meta into national commercial and industrial lending SIOUX FALLS, S.D., (Aug. 1, 2018) – Meta...
ICBA Meets with White House, OMB on Sub S Deduction
ICBA Meets with White House, OMB on Sub S Deduction ICBA met with staff from the White House and the Office of Management and Budget on the Treasury Department’s proposed regulation to implement a...
ICBA Grows Advocacy, Member Relations and Marketing Departments with New Hires
Washington, D.C. (July 30, 2018)—The Independent Community Bankers of America® (ICBA) today announced three new hires. David “Chip” Bartlett will serve as vice president of congressional relations,...
Treasury Issues Plan for Sub S Tax Deduction
Treasury Issues Plan for Sub S Tax Deduction The Treasury Department issued its highly anticipated proposed rule to implement the Tax Cuts and Jobs Act’s 20 percent tax deduction for pass-through...
Roselle Savings Bank Announces Name Change, New Logo, Branch Upgrades, and New Products
Roselle Savings Bank Announces Name Change, New Logo, Branch Upgrades, and New Products Upgrades to Further Enhance Convenience and Customer Experience Roselle, NJ -- Roselle Savings Bank, which...
Data Breaches Reach New Record in 2017: Report
Data Breaches Reach New Record in 2017: Report The number of U.S. data breaches hit a new all-time high in 2017, according to the Identity Theft Resource Center. Identified breaches rose 44.7...
Senate Taking Up Flood Insurance Extension
The Senate this week is scheduled to take up House-passed legislation to extend the National Flood Insurance Program. The House bill would extend the NFIP, which is scheduled to expire on Tuesday,...
FDIC Needs Better IT Coordination: Watchdog
FDIC Needs Better IT Coordination: Watchdog The FDIC has not developed sufficient strategies for several information technology transitions, the agency’s inspector general said. The Office of the...
FS-ISAC Advises Closer Look at Cyber Insurance
FS-ISAC Advises Closer Look at Cyber Insurance Not understanding cyber-insurance policy riders can come back to haunt covered parties, the Financial Services Information Sharing and Analysis Center...
Consumers National Bank Promotes Kennie Baker To Commercial Deposit Specialist
2018-07-26 Consumers National Bank Promotes Kennie Baker To Commercial Deposit Specialist Contact: Steve Badman July 26, 2018 Tel. 330-868-9089 sbadman@consumersbank.com Consumers National Bank...
A Turning Point for the Industry
A Turning Point for the Industry By Kevin Tweddle I tend to view prognostication articles as clickbait. They’re either too general or too far off to provide actionable intelligence. That said,...
Keshaun Clark Honored by Alexandria Chamber of Commerce for 40 Under 40
2018-07-24 Keshaun Clark Honored by Alexandria Chamber of Commerce for 40 Under 40 Contact: Robin Robertson, Retail Banking Director Company: The National Capital Bank of Washington Phone:...
CoastalSouth Bancshares, Inc. Closes Merger with First Citizens Financial Corporation
CoastalSouth Bancshares, Inc. Closes Merger with First Citizens Financial Corporation CoastalSouth Bancshares, Inc. Closes Merger with First Citizens Financial Corporation Contact: Stephen R. Stone...
Clinton Savings Bank Employees Donate Over Six Hundred Dollars to the Neady Cats Organization
2018-07-24 Clinton Savings Bank Employees Donate Over Six Hundred Dollars to the Neady Cats Organization CLINTON, Mass., July 17, 2018) – Clinton Savings Bank (CSB) recently presented over six...
Fleetwood Bank awards $8,000.00 scholarship to Reese R. Kauffman from Oley Valley High School
Fleetwood Bank awards $8,000.00 scholarship to Reese R. Kauffman from Oley Valley High School Fleetwood Bank is pleased to announce that Reese R. Kauffman, a 2018 Oley Valley High School graduate,...
CHELSEA GROTON FOUNDATION Awards Over $189K in Grants to Area Organizations
2018-07-13 CHELSEA GROTON FOUNDATION Awards Over $189K in Grants to Area Organizations GROTON, Conn. – The Chelsea Groton Foundation awarded $189,585 in grants to 67 non-profit organizations from...
THE STATE BANK PROMOTES VICE PRESIDENT
THE STATE BANK PROMOTES VICE PRESIDENT FENTON, MICHIGAN, July 12, 2018 - The State Bank is proud to announce the promotion of Linda Gregory to Vice President. Linda joined the bank in April 1991 as...
ICBA Names NextGen Scholarship Award Recipients
2018-07-27 ICBA Names NextGen Scholarship Award Recipients Scholarships help foster future community bank leaders Washington, D.C. (July 27, 2018)—The Independent Community Bankers of America®...